Monroe County, Indiana: commercial real estate data.
Monroe County, Indiana has a population of 140,965 across 395 square miles, down 0.1 percent since the 2020 census base. County output reached $9.35 bn in 2024, 3,095 establishments operate here, and the SBA record carries 98 7(a) approvals worth $49.9 m.
119 sourced county values · tier FULL · 11 sections
Monroe County
How many people live in Monroe County
- Population140,965
- Households59,236
- Average household size2.38
- Median household income$65,868
- Median age31.2
- Median gross rent$1,193 per month
- Median owner-occupied home value$285,200
- Home value to household income4.3 times
- Annual rent as a share of median income21.7 percent
- Adults 25 and over with a bachelor degree or higher49.5 percent
- Adults 25 and over with a graduate degree25.6 percent
- Adults 25 and over83,279
- Population under 1822,129
- Share under 1815.7 percent
- Population 65 and over20,647
- Share 65 and over14.6 percent
- Working age population, 18 to 6498,189
- Civilian labor force75,408
- Unemployment rate5.5 percent
- Labor force participation, adults 18 and over63.5 percent
- Rank by population among Indiana counties12th of 92
- Rank by population among US county-equivalents475th
Monroe County is the 12th largest of 92 Indiana counties by population. A median home costs 4.3 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 15.7 percent against 14.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Monroe County
Is Monroe County growing
- Population change since the 2020 census base-0.05 percent
- Census 2020 base population140,773
- Births, 20241,024
- Deaths, 20241,183
- Natural change, 2024-159
- Net domestic migration, 2024-1,775
- Net international migration, 20241,577
- Total net migration, 2024-198
- Cumulative net domestic migration, 2021 to 2024-4,166
- Rank by growth among US county-equivalents1848th
The county has lost 0.05 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Monroe County
Where people moving to Monroe County come from
- Tax returns filed by households arriving3,921
- People arriving, from those returns6,020
- Adjusted gross income arriving$244.1 m
- Net adjusted gross income movement$0
- Average income of an arriving household$62,243
- Largest single originMonroe County Non-migrants (45,207 households)
- Largest single destination (45,207 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Monroe County Non-migrants | 45,207 | 84,519 | $3.98 bn |
| Other flows - Different State | 1,677 | 2,599 | $117.9 m |
| Other flows - South | 651 | 1,006 | $41.9 m |
| Other flows - Midwest | 473 | 721 | $34.8 m |
| Other flows - Same State | 352 | 519 | $17.8 m |
| Other flows - West | 325 | 525 | $24.9 m |
| Marion County | 319 | 460 | $18.3 m |
| Other flows - Northeast | 228 | 347 | $16.2 m |
The largest single source of arrivals is Monroe County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Monroe County
What the Monroe County economy runs on
- County GDP, 2024$9.35 bn
- County GDP, 2023$8.90 bn
- GDP change, 2023 to 20245.0 percent
- GDP change over five years28.8 percent
- Rank by GDP among Indiana counties11th
- Rank by GDP among US county-equivalents465th
- GDP per resident$66,308
Output grew 5.0 percent in the latest year and 28.8 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Monroe County
Who employs people in Monroe County
- Covered employment, annual average67,215
- Establishments reporting3,439
- Average annual pay$58,879
- Average weekly wage$1,132
- Sector 62, employment10,741
- Sector 62, average annual pay$61,795
- Sector 31-33, employment8,097
- Sector 31-33, average annual pay$71,328
- Sector 72, employment7,802
- Sector 72, average annual pay$22,500
- Sector 44-45, employment6,113
- Sector 44-45, average annual pay$33,829
- Sector 23, employment2,737
- Sector 54, employment2,405
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 10,741 | 368 | $61,795 |
| Sector 31-33 | 8,097 | 98 | $71,328 |
| Sector 72 | 7,802 | 376 | $22,500 |
| Sector 44-45 | 6,113 | 400 | $33,829 |
| Sector 23 | 2,737 | 265 | $69,698 |
| Sector 54 | 2,405 | 491 | $84,820 |
| Sector 56 | 1,972 | 206 | $41,527 |
| Sector 81 | 1,911 | 276 | $45,367 |
The largest sector is the biggest private employer group at 10,741 jobs, 16.0 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Monroe County
What businesses operate in Monroe County
- Establishments, all industries3,095
- Employment at those establishments53,866
- Annual payroll$2.77 bn
- Establishments per 1,000 residents22.0
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Monroe County
What is being built in Monroe County
- Housing units authorised by permit, 2024872
- Declared construction value permitted$248.4 m
- Single family units authorised185
- Multifamily units authorised687
- Multifamily share of units78.8 percent
- Average declared value per unit$284,910
- Units authorised per 1,000 households14.7
Multifamily is 78.8 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Monroe County
How much SBA lending happens in Monroe County
- 7(a) approvals recorded98
- 7(a) gross approval dollars$49.9 m
- Average 7(a) approval$508,730
- Median 7(a) approval$300,000
- 10th percentile approval$67,000
- 90th percentile approval$1,028,000
- Largest single approval$4,092,800
- Jobs reported supported, 7(a)1,509
- Jobs per approval15.4
- Distinct 7(a) lenders active31
- Distinct industries receiving approvals57
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer15.3 percent
- Loans on real estate terms15
- Loans on working capital terms, 120 months or shorter79
- Franchise loans14
- Franchise share of approvals14.3 percent
- Leading industry by approval countLimited-Service Restaurants (6)
- Most active lenderOld National Bank (16)
- 504 approvals recorded33
- 504 gross approval dollars$22.5 m
- Average 504 approval$682,364
- Median 504 approval$342,000
- Distinct CDCs active3
- 504 jobs per approval11.6
- 504 jobs per million dollars approved17.1
- Most active CDCPremier Capital Corporation (16)
- 7(a) share of SBA approvals74.8 percent
- Combined SBA approval dollars$72.4 m
The average approval of $508,730 sits well above the median of $300,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 15.3 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Monroe County
Do SBA loans in Monroe County get paid back
- Loans with a final outcome recorded22
- Paid in full22
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Paid in full22
- Status: Exempt from disclosure61
- Status: Cancelled9
- Status: Committed, not yet disbursed6
Of the 22 loans that have reached a final outcome, 0.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Monroe County
Which parts of Monroe County get the lending
- Places in the county with recorded lending3
- BLOOMINGTON, approvals95
- UNIONVILLE, approvals2
- ELLETTSVILLE, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| BLOOMINGTON | 95 | $47,154,400 |
| UNIONVILLE | 2 | $2,511,100 |
| ELLETTSVILLE | 1 | $190,000 |
BLOOMINGTON accounts for 95 approvals against 2 in UNIONVILLE. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Monroe County
How big is Monroe County
- Land area395 sq mi
- Rank by land area among Indiana counties49th of 92
- Width, east to west19.8 mi
- Height, north to south24.6 mi
- Geographies sharing a boundary6
- Residents per square mile of land357
- Establishments per square mile7.84
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Monroe County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Monroe County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population140,965
- Households59,236
- Average household size2.38
- Median household income$65,868
- Median age31.2
Common questions
Monroe County questions, answered from the record.
How many people live in Monroe County, Indiana?
140,965, in 59,236 households, ranking 12th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Monroe County growing?
The population has fallen 0.05 percent since the 2020 census base. In 2024 there were 1,024 births against 1,183 deaths, with net migration of -198. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Monroe County?
$65,868. The median owner-occupied home is valued at $285,200, which is 4.3 times income, and median gross rent is $1,193 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Monroe County?
3,095 establishments, employing 53,866 people with an annual payroll of $2.77 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Monroe County?
Average annual pay is $58,879, or $1,132 a week, across 67,215 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Monroe County?
98 7(a) approvals totalling $49.9 m since FY2020, across 31 lenders, with a median approval of $300,000, plus 33 504 approvals worth $22.5 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Monroe County get paid back?
Of the 22 loans that have reached a final outcome, 22 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Monroe County?
872 housing units were authorised by permit in 2024, with a declared construction value of $248.4 m. Multifamily was 78.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Monroe County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Monroe County come from?
The largest single origin is Monroe County Non-migrants, with 45,207 households. Arriving households report an average income of $62,243 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Monroe County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Monroe County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.